2min chapter

What Future with Joshua Topolsky cover image

Panic! At The Bank with Felix Salmon

What Future with Joshua Topolsky

CHAPTER

Is the Banking Crisis a Good Idea?

The 2008 financial crisis was based on absolutely enormous real losses around the planet. In this banking crisis, the only people who really lost a lot of money were the shareholders of Silicon Valley Bank and Signature Bank. So yeah, so the stakes are much lower this time around. And it turns out that the federal government with by extending the FDIC guarantee to all of the deposits in Silicon Valley Bank,.

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